Cgfm iii - Study guides, Class notes & Summaries

Government Management Model Phases CORRECT ANSWER 1. Planning 2. Programming 3. Budgeting 4. Operations 5. Accounting 6. Reporting 7. Auditing Planning in a traditional model CORRECT ANSWER Identifying and prioritizing attainable objectives, as well as specific, sequenced actions to attain them Organizing in a traditional model CORRECT ANSWER Obtaining and deploying the human and other resources necessary to achieve planned objectives Directing in a traditional model CORRECT ANSWE...

CGFM Section III: Government Management Cycle fully solved 2023 updated to pass Government Management Model Phases - correct answer 1. Planning 2. Programming 3. Budgeting 4. Operations 5. Accounting 6. Reporting 7. Auditing Planning in a traditional model - correct answer Identifying and prioritizing attainable objectives, as well as specific, sequenced actions to attain them Organizing in a traditional model - correct answer Obtaining and deploying the human and other resources...

CGFM exam 3: Section 3, Chapter 1 - Internal Controls fully solved 2023Federal laws on internal controls began with? - correct answer Budget and Accounting Procedures Act of 1950, which requires each federal agency head to establish and maintain internal controls. Federal Financial Managers' Financial Integrity Act of 1982 (FMFIA) - correct answer requires (1) GAO to prescribe internal control standards, and (2) federal managers to annually (a) evaluate their implementation of internal contr...

CGFM - Exam 1: Government Environment with complete solutions 2023Government Sovereignty Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels 1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coordinate their efforts. 3...

Cash Management Improvement Act 1990 - Answer-Improve the transfer of federal funds 31 CFR Part 208 Management of Federal Agency Disbursements - Answer-Requires EFT payments Cash Management - Answer-1) mutually beneficial relationships with banks 2) collecting and recording cash 3) generating earnings from cash 4) disbursing cash Federal Reserve System Duties - Answer-1) conducting monetary policy 2) supervising and regulating banks 3) maintaining stability of the financial system 4) ...

CGFM III

Cash Management Improvement Act 1990 - ANSWERImprove the transfer of federal funds 31 CFR Part 208 Management of Federal Agency Disbursements - ANSWERRequires EFT payments Cash Management - ANSWER1) mutually beneficial relationships with banks 2) collecting and recording cash 3) generating earnings from cash 4) disbursing cash Federal Reserve System Duties - ANSWER1) conducting monetary policy 2) supervising and regulating banks 3) maintaining stability of the financial system 4) ...

Exam(Elaborations)CGFM III 2023

CGFM Part 2 - Comprehensive Review with complete solutions 2023GASB | Financial Statement Components 1. Auditor's Report 2. MD&A 3. Basic Financial Statements - Government-Wide Financials (Icing) - Fund Financials (Layers) - Notes (Filling that holds the layers together) 4. RSI 5. Combining Statements & Individual Fund Statements GASB | Statistical Section Components 1. Financial Trends 2. Revenue Capacity 3. Debt Capacity 4. Demographics and Economics 5. Operations E...

CGFM - Exam Review With Questions and Answers 2023 Government Sovereignty - CORRECT ANSWER-Nat'l government can't be sued by states or by citizens w/out its permission. Government Authority - CORRECT ANSWER-Derived from constitutions or charters (local versions of a constitution), statutes, executive orders & regulations. 3 Levels - CORRECT ANSWER-1) National 2) State 3) Local The primary purpose of each is to provide services to citizens. Separate and distinct, yet they may coor...